First Independent Mena Newspaper
King Mohammed VI and Nigeria’s President Muhammadu Buhari presided in Abuja over the signing ceremony of a partnership to build a fertilizers plant in Nigeria. King Mohammed VI who is in Abuja on an official visit as part of an African tour gives substance through establishing win-win partnerships with African countries and putting Morocco’s expertise […]
Morocco and Rwanda added a concrete aspect to their bilateral relations by signing 19 agreements setting the stage for cooperation in fields ranging from economy, finance and science to air transport and renewable energy. The agreements were signed in a ceremony attended by King Mohammed VI who is paying an official visit to Kigali and […]
Morocco’s leading pharmaceutical firm Pharma 5 has received the go-ahead for the construction of a drug producing plant worth $10 million near Abidjan, in Cote d’Ivoire, reports say. The Agreement was initialed Saturday in Rabat by Moroccan ministers of Health and of industry and by Côte d’Ivoire’s health minister. Pharma 5, according to the agreement, […]
Algeria has launched a new strategy called the “new economic growth model” aiming to diversify the economy and draw more investments to compensate for the collapse in oil prices. Yet, poor governance, insecurity, vested interests and regime opacity cast doubt on the success of the strategy. In an article on Foreign Policy, Robert Looney, describes […]
“Strengthening the competitiveness of Morocco’s economic fabric hinges on breaking away with the French model that is detrimental to economic development,” said trade and industry minister Moulay Hafid El Alamy who was speaking at a conference in his capacity as a businessman. The French mode has failed. It hinders entrepreneurship and favors employment by the […]
King Mohammed VI of Morocco hosts this week President of Rwanda Paul Kagame who arrived Monday in the North African country on a two-day official visit to foster cooperation ties. The Moroccan Sovereign will hold talks with his African guest and will host an official iftar in his honor and his accompanying delegation at the […]
Tripoli-based General National Congress (GNC) Tuesday proposed its own Libyan-Libyan roadmap to end the political crisis in a counter move to the UN-supported plan which led to the approval of Libyan unity government in Morocco. The roadmap according to committee member Abdul-Gader Hawaili speaking at press conference includes formation of a new interim parliament made […]
Saudi Arabia will invest around $ billion and offer oil assistance to Egypt in a bid to help al-Sissi’s country ease its economic uneasiness, reports say. The decision was made following the visit on Tuesday of the Saudi Prince and Minister of Defense Mohammed bin Salman in Egyptian capital Cairo. Saudi news agency quoting the […]
Algeria’s national agency for youth employment (ANSEJ) Wednesday announced that it has sponsored creation of 350,000 micro-companies nationwide since its creation. According to the Managing Director of the agency, Zouaoui Abdelhamid over one million jobs have been created in those 350,000 micro-companies. Abdelhamid was speaking at company creation fair entitled “micro-company, alternative to oil” organized […]
Morocco will have its first Islamic bank next year, according to a statement made lately in Kuwait by governor by the central bank of the North African country Abdellatif Jouahri. Morocco will become thus the latest Muslim-majority country to develop a regulatory framework specific to Islamic finance after the parliament approved last year a bill […]